South Boulder Mines executive director Liam Cornelius has exercised 1.9 million options to acquire shares at a cost of 20 cents each, bringing his total stake in the resources explorer to 8.2 million shares. With the company’s shares currently trading at $2.78 each, his stake is valued at $22.8 million. In another transaction a few days earlier, managing director David Hughes exercised 500,000 20-cent options and increased his stake in the company to 1.17 million shares. His portfolio is now worth about $2.96 million.
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